automotive

GoTo Shareholders Approve All Agendas For RUPST And RUPSLB 2024

GoToGojek Tokopedia Tbk ("GoTo" or "Company", IDX: GOTO), the largest digital ecosystem in Indonesia, successfully held the Annual General Meeting of Shareholders ("AGMS") and Extraordinary General Meeting of Shareholders ("EGMS") today. The Company has obtained approval from shareholders for all agendas proposed in the AGMS and EGMS.

Among the approvals obtained, the Company received shareholder approval for the Company's plan to conduct a shares buyback as well as several changes to the Company's Board of Commissioners and Board of Directors.

Patrick Walujo, CEO of GoTo, said, "We thank the shareholders for their support and approval of all the agendas proposed at this AGMS and EGMS, including the shares buyback plan and changes to the Board of Commissioners and Board of Directors structure. GoTo has made significant progress in the past year and is in a stronger position to drive long-term value growth for all stakeholders."

All agendas requiring shareholder approval at the AGMS and EGMS have been approved, including approval of the Company's Annual Report for the 2023 fiscal year, approval of the audited Consolidated Financial Statements of the Company and its Subsidiaries for the fiscal year ended December 31, 2023, approval of the Directors' salaries and benefits, and/or Commissioners' fees and/or benefits. In addition, through the EGMS, independent shareholders of the Company have also approved the appointment of Mr. Patrick SugitoWalujo, CEO of the Company, as a party eligible to own Series B shares of the Company.

Agus D. W. Martowardojo, the Chairman of GoTo, expressed his satisfaction with the company's performance in 2023. He highlighted the successful transformation that laid a strong foundation for long-term, sustainable, and profitable business growth. The efforts resulted in healthy and quality business growth performance, along with disciplined cost control, leading to GoTo achieving positive adjusted EBITDA in the fourth quarter of 2023, surpassing the company's target.

Martowardojo also praised the excellent performance of the On-Demand Services (ODS) business unit, which maintained positive adjusted EBITDA throughout 2023 before corporate cost allocations.

He expressed his appreciation and gratitude to the entire Board of Directors and Commissioners for their efforts in governance, valuable contributions, and hard work in developing GoTo's business. Martowardojo is confident that the Board of Commissioners and Directors will work even closer together to strengthen GoTo's business as a leading Indonesian technology company striving for the progress of Indonesia.